Dancing with the Devil: Making Roulette Add Up
Known colloquially as the devil’s game on account of its numerical structure totalling 666, roulette is a casino game that holds as much financial promise as it does reverence. Played by the great and the good across the world, the game has been a staple offering for casinos for more than 100 years.
Part of the game’s appeal is its ability to cater to all parts of the gambling spectrum. Aside from the basic premise being extremely simple to grasp, the amount of risk a player wants to accept can be tailored to their skill level. Novice players can wager a little on a 50/50 proposition, while a professional can take a punt on a greater risk/ greater reward option.
The Basics of Roulette
Of course, before you get to the betting stage, it’s important to know the basics of the game:
- The aim of the game is to guess which number (between 0-36) will spin in.
- Depending on how specific or how general you want to be, there are two main betting options: inside bets and outside bets.
- Outside bets = Odd/Even, Black/Red, 1-18/19-36 (each of these bets pay out at a ratio of 1:1).
- Further outside bets = 1st twelve, 2nd twelve, 3rd Twelve (each of these bets pay out at a ratio of 2:1).
- Inside bets = straight number (35:1), two number split (17:1), street (11:1), trio (11:1) four number split (8:1), five number split (6:1) and a six line (5:1).
Knowing Your Best Bet
When you’re playing online roulette you’ll find that there are two main game options: European (single zero).
and North American (double zero). The structural difference between the two games may seem subtle (one has a single zero option while the other has a single and double zero betting option). However, if you look at a European roulette odds chart, you’ll see that it has a significant impact on your chances of winning.
Because European roulette has one fewer betting option, it means your true odds of hitting a number are 36/1 instead of 37/1 (the odds in North American roulette). This difference becomes significant when you factor in that the maximum payout (on a single number bet) is 35/1 in both games.This means that, statistically, your chances of winning are better in the European version of the game.
Basically, when you assess a European roulette odds chart and compare it to its transatlantic cousin, you’ll see that the house edge is 2.7% compared to 5.26%. In real simple terms, this means that you’re more likely to lose money in this game than you are when you play European roulette.
How to Win More Money at Roulette
The most lucrative bet on a roulette board is a single number bet. If you placed a $1 stake on this option and were successful, you’d make a profit of $35. However, that doesn’t mean that it’s the most effective technique. Gambling is all about maximising your chances of success while limiting your losses and one of the best ways to do this is the double dozen strategy.
This betting strategy involves betting equal amounts on two simultaneous dozen options. A single dozen pays out at a ratio of 2:1 and allows you to cover 12 numbers with a single bet.
By betting on two dozens, you can cover 24 numbers and, if successful, you’ll achieve a one unit (i.e. the amount equal to a single bet) profit. For example, if you bet $10 on each dozen (total outlay = $20), and one of these bets rolled in, you’d win $30 in total. This return would give you a $10 (one unit) profit.
There’s no doubt that dancing with the devil can be a profitable move. However, if you don’t make the right steps and wager your money carefully you could find yourself in a world of trouble. Take the advice in this article, run the numbers yourself and you should find the road to riches isn’t quite as treacherous as it seems.